son23 Securities Act of 1933 Quiz
This is a SIE Podcast Interview Logan Keller
This is and interview with a new entrant to the financial services industry, Logan Keller.Logan talks about his background and his interesting path to become a RIA agent.
Total Course 37 hours 10 Min
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
The full course details:
37 hours 10 Min of audio instruction to help you prepare for the Securities Industry Essentials Exam
59 Audio Lessons for Securities Industry Essentials Exam
13 Bonus Lessons about the finance industry
Securities Industry Essentials Exam Podcast Audio Lessons for the SIE Exam
New Series 7 Exam and SIE Exam details.
All candidates now must now pass both the SIE exam (securities industry essentials exam) as well as the New Top-Off Series 7 Exam. A Series 7 candidate must also have an industry sponsor in order to take the examination to take the SIE Exam the candidate simply needs to be 18 years old and no broker affiliation is needed..
https://www.finra.org/industry/essentials-exam
“Securities Industry Essentials (SIE) Exam
Available Beginning October 1, 2018
The Securities Industry Essentials (SIE or Essentials) Exam, available beginning October 1, 2018, is a new FINRA exam for prospective securities industry professionals. This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry, such as types of products and their risks; the structure of the securities industry markets, regulatory agencies and their functions; and prohibited practices.
Key Features of the Essentials Exam
________________________________________
• The Essentials exam is open to anyone aged 18 or older, including students and prospective candidates interested in demonstrating basic industry knowledge to potential employers.
• Association with a firm is not required, and individuals are permitted to take the exam before or after associating with a firm.
• Essentials exam results are valid for four years.
The Essentials Exam at a Glance
________________________________________
Number of Items 75
Format Multiple Choice
Duration 105 minutes
Passing Score 70%
Cost $60”
New Series 7 Exam
The New Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. The outline is comprised of the four main job functions of a general securities representative. The table below lists the allocation of exam questions for each main job function.
Major Job Functions Percentage of Test Questions Number of Test Questions
(F1) Seeks Business for the Broker-Dealer from Customers and Potential Customers 7% 9
(F2) Opens Accounts after Obtaining and Evaluating Customers’ Financial Profile and Investment Objectives 9% 11
(F3) Provides Customers with Information about Investments, Makes Suitable Recommendations, Transfers Assets and Maintains Appropriate Records 73% 91
(F4) Obtains and Verifies Customers’ Purchase and Sales Instructions and Agreements; Processes, Completes, and Confirms Transactions 11% 14
TOTAL 100% 125”
The five job functions of the new Series 7 General Securities Representative Exam will be:
“Seeks business for the broker-dealer through customers and potential customers”
“Evaluates customers’ financial status, financial needs and risk tolerance, and helps them identify their investment objectives”
“Opens accounts, transfers assets and maintains appropriate account records”
“Provides customers with information on investments and makes suitable recommendations”
“Obtains and verifies customer’s purchase and sales instructions,
20 Jun 2023
2023 SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz
SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz
SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz
This is a SIE Exam Lesson 25 Sarbanes-Oxley Act Quiz which is the Sarbanes Oxley Act, See how you do if you need help listen to the lesson over.
Questions covered include
1. The Uniform Securities Agent State Law Examination is also known as the ___.
A. Series 63 Exam
B. Series 64 Exam
C. Series 65 Exam
D. Series 66 Exam
2. Blue sky laws are federal regulations.
A. True
B. False
3. An offering that is exempted from federal regulation is always exempted from state regulation.
A. True
B. False
4. A person has registered his securities in the Securities and Exchange Commission but he wants those securities be recognized in a certain state. What kind of registration does he need to file?
A. registration by coordination
B. registration by filing
C. registration by notification
D. registration by qualification
5. Taking orders from customers in a certain state requires broker-dealers to be registered in that state.
A. True
B. False
6. This rule separated the conflicts of interest that were inherent between the underwriter and the research analyst.
A. Prudent Man Rule
B. Sarbanes-Oxley Act
C. Securities Investor Protection Act
D. Trust Indenture Act
7. Which of the following would a prudent man likely to do?
A. buy government securities for his client
B. buy naked options for his client
C. buy penny stocks for his client
D. short stocks in the client’s account
8. Which of the following will most likely be found in the legal list of securities that fall within the prudent man rule?
(Select all that apply.)
A. government securities
B. highly rated corporate bonds
C. highly rated municipal bonds
D. 144 stocks
9. The Trust Indenture Act of 1939 requires a trust indenture for a corporate bond offering of at least ___.
A. $3 million
B. $4 million
C. $5 million
D. $6 million
10. Which of the following is true about the Investment Advisor Act of 1940?
(Select all that apply.)
A. It covers firms that offer wrap accounts and charge fees.
B. It covers the people who charge a fee for investment advice.
C. It only applies if the investment advisor gives advice to 15 or more people.
D. It requires that investment advisors pass the Series 7 Examination.
11. The Securities Investor Protection Corporation protects the customer’s assets up to ___.
A. $500,000
B. $600,000
C. $800,000
D. $1,000,000
12. A client has an IRA account and a regular account. Under the Securities Investor Protection Act of 1970, the client has only one account.
A. True
B. False
13. The Federal Telephone Consumer Protection Act prohibits unsolicited calls before 8:00 A.M. or after 9:00 P.M. of the local time of the caller.
A. True
B. False
14. Which of the following is true about the Do Not Call list? (Select all that apply.)
A. A firm can only call the persons listed on the Do Not Call list during weekdays on office hours but not on weekends and non-office hours.
B. A person listed on the Do Not Call list can bring civil law enforcement actions against the firm that calls him.
C. It applies to unsolicited faxes.
D. The caller must identify himself by name, firm, and where he’s coming from when calling a person on the Do Not Call list so that his call may be entertained.
15. Which of the following does the Sarbanes-Oxley Act require?
A. It requires accounting firm to combine their management consultation business with their auditing business.
B. It requires accounting firm to have both management consultation business and auditing business.
C. It requires accounting firm to have either management consultation business or auditing business but not both.
D. It requires accounting firms to separate their management consultation business from their auditing business.
16. According to the Sarbanes-Oxley Act, an accounting firm acting as auditors for the firm has to report to the ___.
A.
15 Jun 2023
2023 SIE Exam Lesson 16 Options pt 6 Quiz
SIE Exam Lesson 16 Options pt 6
SIE Exam Lesson 16 Options pt 6
This is a SIE Exam Lesson 16 Options pt 6 options pt.6 which is covering option combinations, See how you do if you need help listen to the lesson over.
Questions covered include
1. It is the purchasing and selling of put or call options with different strike prices, different expiration dates, or both.
A. combination
B. spread
C. straddle
D. strangle
2. In a spread, when you close out one position, you are expected to close out the other position at the same time.
A. True
B. False
3. The longer the option, the higher the time value premium.
A. True
B. False
4. As an option approaches its expiration date, the time value on that option reaches its maximum value at the expiration of that option.
A. True
B. False
5. This spread is designed to try to capture the decline of an option’s time value as the option approaches its expiration date.
A. calendar spread
B. long call spread
C. long put spread
D. short call spread
6. Which of the following is bearish?
A. long call spread
B. short call spread
C. short put spread
D. all of the above
7. The maximum profit for a long call spread is the net cost of the spread.
A. True
B. False
8. A short call spread is a credit spread.
A. True
B. False
9. You bought Jan 80 call at $10 and sold Feb 80 call at $20. Stock trades at $100 at expiration. Feb 80 call has $5 time value left. Which is true?
(Note: This transaction is a calendar spread. The expiration mentioned is the expiration of the call option on January.)
A. You shall buy back the February 80 call at $5.
B. You shall buy back the February 80 call at $20.
C. You shall buy back the February 80 call at $25.
D. The February 80 call would expire worthless.
10. You bought Nov 30 call at $3 and sold Dec 30 call at $5. Stock trades at $25 at Nov expiration. Dec 30 call has $1 time value left. Which is true?
(Note: This transaction is a calendar spread.)
A. The November 30 call would expire worthless.
B. The December 30 call would expire worthless.
C. You would have a net profit of $2 by closing your position on the spread.
D. all of the above
11. You bought Mar 60 call at $5 and sold Apr 70 call at $3. This transaction is most probably a ___.
A. long call spread
B. long put spread
C. short call spread
D. short put spread
12. You initiated a long call spread by buying Sept 70 call at $10 and selling Oct 80 call at $5. What is your maximum profit in this transaction?
A. $5
B. $10
C. $15
D. The maximum profit cannot be determined because the stock price is not given.
13. You initiated a long call spread by buying May 100 call at $15 and selling June 85 call at $8. What is your maximum loss in this transaction?
A. $7
B. $8
C. $15
D. $23
14. If you enter into a long call spread, which of the following pair of transactions would give you the greatest possible profit?
A. buying a July 30 call at $5 and selling an August 50 call at $4
B. buying a July 25 call at $6 and selling an August 40 call at $5
C. buying a July 40 call at $9 and selling an August 60 call at $5
D. All of the above transactions have equal maximum profit
15. You initiated a short call spread by buying a Jan 40 call at $4 and selling a Feb 30 call at $7. What is your maximum profit in this transaction?
A. $3
B. $7
C. $11
D. The maximum profit cannot be determined because the stock price is not given.
16. If you enter into a short call spread, which of the following transactions would you pair with buying a Nov 65 call at $6 to have the greatest possible profit?
A. selling a December 60 call at $7 per share
B. selling a December 50 call at $8 per share
C. selling a December 40 call at $9 per share
D. The greatest possible profit would depend upon the highest price that the stock could get.
17. You entered into a long put spread by buying Aug 95 put at $15 and selling Sept 75 put at $9.
Inside a recent episode
SIE Exam Interview with Logan Keller
Published 23 Jan 2024 · Transcript excerpt
[…] I just realized that in college, my roommate was smarter and stronger than I was. And I was like, I'm going to follow that guy. I'm just going to ride his coattails, whatever he's doing. I should probably be doing as well. And it worked out. I was moderately successful in flight school. From there, went off to fork hood, Texas. I think it's called fork to basis now, but they've changed the names of those. Went off to for hood. I was a platoon leader for those who don't speak Army. That means I was responsible for about 35 soldiers for age 64 patchies. And then for a period of time, I was also responsible for the drones that went along with us. […]
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
